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Tag Archives: FBR

Chief Secretary orders SRB to probe Maersk Pakistan’s mega sales tax scam within 15 days

Chief Secretary Sindh

KARACHI: Customs Today unearthed mega sales tax scam of Maersk Pakistan (Pvt) Ltd where the company in connivance with its agents, audit firms and some officials of Sindh Revenue Board evaded billions of rupees sales tax in terms of services provided to its local clients. After extensive coverage of the issue by Customs Today, the Sindh Chief Secretary through diary ... Read More »

Customs Today reports set off alarm bells at PM Office, Hammad Azhar takes notice of green channel mega scam

Hammad Azhar 2

ISLAMABAD: State Minister for Revenue Hammad Azhar, taking notice of the sheer misuse of Customs green channel facility extensively reported by Customs Today, has directed FBR Chairman Jahanzeb Khan to probe the issue and report back to him. According to details, Hammad Azhar asked the FBR to give him comprehensive presentation on working of Green Channel at Karachi ports and ... Read More »

SC should constitute high-level JIT similar to Panama case to probe Maersk sales tax evasion: Imran Ghazi

Imran Ghazi

MULTAN: The Supreme Court of Pakistan should constitute a high level Joint Investigation Team (JIT) similar to Panama case for probing mega sales tax fraud of M/s Maersk Pakistan (Pvt) Ltd. Pakistan’s biggest ever fraud of sales tax revealed by Customs Today against M/s Maersk Pakistan (Pvt) Ltd should be investigated appropriately for recovery of robbed amount. It was stated ... Read More »

Sales tax mega scandal: SRB Commissioner vows stern action against Maersk Line

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KARACHI: Commissioner Operations Sindh Revenue Board (SRB) Mohammad Amir said that stern action would be taken against M/s Maersk Pakistan (Pvt) Ltd after completion of audit by the Board as it is found that the company ‘evaded’ sales tax on services worth billions of rupees. Talking exclusively with Customs Today, Amir said that the Board will definitely issue a show ... Read More »

MUJ expresses deep concerns over threats being hurled to journalists for highlighting Maersk mega scam

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MULTAN: Multan Union of Journalist (MUJ) expressed deep concerns over threats being hurled to journalists and media houses for highlighting alleged mega scam by Maersk Line for charging exorbitant demurrage and detention charges from importers on clearance of their shipments. This was stated by President Multan Union of Journalist Abdul Rauf Maan in an exclusive interview with Customs Today the other day. He told ... Read More »

Maersk ban, Member Customs takes notice of blackmailing by shipping lines

zahid-Khokar

ISLAMABAD: Amid reports of ban on Maersk shipping line as Model Customs Collectorate of Preventive, Karachi issued a notice to M/s Maersk Pakistan (Pvt) Ltd and started the process to cancel license of the company for sheer violation of the Customs Act 1969 and SRO 1220(I)/2015, Member Customs Federal Board of Revenue (FBR) Muhammad Zahid Khohar has also taken up ... Read More »

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

Soren Skou and Claus V Hammingsen

KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

FBR collects record high of Rs836b despite PTI Govt’s relief measures

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue during first quarter of the current financial year recorded a provisional net revenue collection of over Rs. 836 billion as against Rs. 766 billion collected during the same period of the previous fiscal year, including collection on account of book adjustments. The assigned revised revenue target for the first quarter is Rs 851 billion. The ... Read More »

Govt decides to abolish FBR due to Rs 1000b green channel misuse

zahid-Khokar

KARACHI: The federal government has devised an action plan to establish a new tax authority after abolishing Federal Board of Revenue (FBR) due to green channel mega scam of Rs 1000 billion. Mobiles, electronics, liquor, cigarettes, betel nuts, explosive chemicals, etc continue to pour into the country through green channel. Chief Justice of Pakistan Mian Saqib Nisar had taken notice ... Read More »

FBR Member Sarwat Tahira Habib transferred and posted as FTO

Chief Collector Sarwat Tahira

ISLAMABAD: Federal Board of Revenue (FBR) Member Legal & Accounting-Customs Sarwat Tahira Habib has been transferred and posted as Federal Tax Ombudsman. Sources told Customs Today that former chairperson FBR Rukhsana Yasmin had recommended Sarwat Tahira Habib for the post of Member Customs but Election Commission of Pakistan rejected transfers and postings in Pakistan Customs due to general elections 2018. ... Read More »

New Risk Management System should be introduced for transparent use of green channel facility: Collector Sadiqullah

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ISLAMABAD: Collector Adjudication Dr Sadiqullah Khan has proposed that a new Risk Management System should be introduced for transparent use of green channel facility. Reforms should also be introduced in management and human resource development system. Collector Dr Sadiqullah expressed these views during an exclusive interview with Customs Today. He said that list of Afghan Transit Trade should be reviewed. “If we ... Read More »

NAB, FIA asked to probe lappoos set up by Abdul Rauf, Sohail Shams, Haleem Siddiqui in detention mega scandal

sohail shams

KARACHI: A mega scam of Rs 15 billion is unearthed where customs staff in connivance with shipping companies, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT purposely delay the clearances of imported goods. Sources said Customs staff made a strong nexus with Deputy MD of Greenpak Abdul Rauf, CEO of United Marine ... Read More »

After Customs Today unearthed green channel scam of billions, Customs starts de-listing importers from facility

Green channel

KARACHI: A number of importers have reportedly been de-listed from ”Green Channel” facility by the Federal Board of Revenue’s Directorate Reforms and Automation (DR&A). Sources said that the de-listed importers have been barred from clearing their consignments through examination. The importers have approached the Directorate through written letters and sought the reason of their abrupt de-listing from Green Channel. They ... Read More »

Customs officials Dost, Noor, Hameed, Khurram, Aziz take illegal protection of ‘illiterate’ person

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ISLAMABAD: Various customs officials took illegal protection of an ‘illiterate’ person to save themselves from higher FBR and customs authorities against their corrupt practices. Customs officials including Dost Muhammad, Noor Akbar, Qaisar Nadeem Chatha, Akram Basra, Mohammad Bilal, Khurram Rafique, Abdul Hameed, Aziz Sarwar and others give Rs 2000-3000 bribe to this ‘illiterate’ person to write in their favour. Sources ... Read More »

Customs officials Dost, Noor Akbar, Chatha, Basra, Bilal take illegal protection of ‘illiterate’ person

scam

ISLAMABAD: Various customs officials took illegal protection of an ‘illiterate’ person to save themselves from higher FBR and customs authorities against their corrupt practices. Customs officials including Dost Muhammad, Noor Akbar, Qaisar Nadeem Chatha, Akram Basra and Mohammad Bilal and others give Rs 2000-3000 bribe to this ‘illiterate’ person to write in their favour. Sources said this nexus of customs ... Read More »

Rs15b scam: KCCI concerned over sheer blackmailing by Evergreen, Greenpak, KMTC, United Marine, PICT

KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muffasar Atta Malik, while expressing deep concern over sheer blackmailing by shipping lines, their agents in connivance with terminal operators, stated that the Karachi Chamber has been constantly receiving a lot of complaints against many shipping lines, their agents and terminal operators involved in taking unjustified demurrage and detention charges from ... Read More »

Shipping activity at Port Qasim

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KARACHI: Following is shipping report of Port Qasim: Sailing of Vessels Ship Name PQA Reg No L.O.A Commodity Manifest Qty. (Import) (Export) Draft Aft (Meters) Draft Far (Meters) ETD Ship Agent Name Berth M.T- GP ASPHALT III 25166 95.50 BITUMEN 2230.000 4.9 4.9 11:30 GATEWAY M/W-II M.T- OOCL WASHINGTON 25190 322.97 CONTAINERS 11.8 11.8 13:00 OOCL PAKISTAN QICT-V M.V- DARANEE ... Read More »

Nearly 2,000 new declarations made since extension in tax amnesty scheme

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ISLAMABAD: Nearly 2,000 new declarations have been made until July 19 since the extension in the deadline of the tax amnesty scheme on July 1. Sources said that nearly 55,000 people had declared their more than Rs1,770 billion worth of domestic and foreign assets under the tax amnesty scheme until June 30 this year and paid around Rs99 billion in ... Read More »

Zero-rating of sales tax granted on textile machinery import

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ISLAMABAD: The Federal Board of Revenue has granted zero-rating of sales tax on import of textile machinery. The FBR allowed zero-rating on textile machinery (not manufactured locally and imported by the unit registered with Ministry of Textile Industry as specified in Part IV of the Fifth Schedule to the Customs Act, 1969, subject to same conditions as specified therein)  through ... Read More »

FBR obtains details of Pakistanis having properties in Dubai

Dubai

ISLAMABAD: The Federal Board of Revenue has claimed to obtain details of Pakistani nationals who have undeclared properties in Dubai. According to a senior FBR official, the data includes quantum of rental income earned from these properties. The data was received from Dubai tax authorities, the tax official said. Meanwhile, the FBR is also intensifying its awareness campaign around the ... Read More »